Who bought the Art Van warehouse Warren MI?

Art Van Furniture sold the Warren complex in 2017 to a real estate firm. It was one of a series of sale-lease back deals for Art Van stores that were part of the furniture company’s sale that year to private-equity firm Thomas H. Lee Partners.

What company is taking over Art Van?

Gardner White, the Auburn Hills-based furniture and mattress retailer, is expanding its footprint in Warren by moving into the former Art Van store, warehouse, and corporate office at 14 Mile and Van Dyke.

Can you still buy Art Van Furniture?

The last remaining Art Van Furniture stores closed last year with everything-must-go sales that were put on by American Signature, the parent company of Value City Furniture.

How much is Art Van Furniture worth?

Thomas H. Lee Company to buy chain for $550 million. DETROIT – Art Van Furniture is being sold to a private equity firm in Boston, the company announced Wednesday. The deal is reportedly worth $550 million and is expected to close in February. Thomas H. Lee Partners is the buyer.

What happens to my art van warranty?

Art Van Furniture warranties to be defunct after company goes out of business. Updated: Mar. 06, 2020, 9:39 a.m. | Published: Mar. 05, 2020, 3:23 p.m.

Who owns Gardner White?

For nearly a decade, Rachel Tronstein Stewart has been the president of Gardner-White Furniture, a more than 100-year-old, Michigan-based, family-owned furniture retailer. She currently works alongside her parents, Steve and Barb, as the fourth generation at Gardner-White.

What happened to Art Van Furniture in Michigan?

Art Van Furniture filed for what became a Chapter 7 liquidation bankruptcy in early March 2020, just as the COVID-19 pandemic arrived in Michigan. Nearly 190 Art Van stores closed and roughly 3,000 workers in nine states lost jobs.

Is Art Van Furniture coming back?

Art Van’s furniture stores are no more, but the family has bought back the brand name out of the bankruptcy of the company to which it had sold the chain. The Van Elslander family successfully acquired the Art Van Furniture name out of bankruptcy this month.

Who bought Art Van 2020?

Loves Furniture purchased Art Van Furniture stores in 2020. According to Groupe Quint’s website, the former Art Van site represents one of the only large vacant spaces in the Detroit industrial market.

Where is Gardner-White Furniture manufactured?

Exclusively at Gardner-White: Inspired by Detroit, made in the USA, handcrafted with superior quality, the Detroit Furniture collection is specially curated for your home.

Where was the first Gardner-White Furniture store?

Detroit, Michigan
The first Gardner-White Furniture store opened in 1912 on Mack Street near Mt. Elliot in Detroit, Michigan. In the late 1950’s the company was purchased by Irwin Kahn, whose family still owns and operates the business today.

Who owns Gardner-White Furniture?